DA Davidson Initiates Neutral Rating on Appian (APPN) After Earnings Beat

Appian Corporation (NASDAQ:APPN) is one of the Hot AI Stocks on Wall Street’s Radar. On August 8, DA Davidson analyst Gil Luria assumed coverage on the stock following the company’s second-quarter 2025 earnings results. It has a Neutral rating and a price target of $30.00.

Appian’s Q2 2025 performance beat expectations on both revenue and earnings, with results remarkably above the company’s guidance.

“We are assuming coverage of Appian with a NEUTRAL rating and a price target of $30 following 2Q25 earnings that beat expectations on the top and bottom line with results significantly above guidance.”

The firm highlighted two factors driving significant increase to its full-year guidance.

“New business demand and a larger pipeline drove a material increase to the full-year guide, as management noted AI is having a tangible impact on results helping them realize higher prices and build momentum on the high end of the market.”

Appian Corporation (NASDAQ:APPN) provides an automation platform that helps businesses design, automate, and optimize processes using AI, process mining, and data integration.

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